Forex Dictionary

Advance GDP

Advance GDP

Measures Total value of all goods and services produced by the economy; Why Care GDP is the broadest measure of activity and the primary gauge of the economy's health. To foreign investors, a strong economy is viewed favorably because it spurs investment opportunities in the domestic stock and bond markets. More importantly, the central bank is more likely to raise interest rates in the face of a strong and growing economy. The combination of these effects can have a large impact on the demand for the nation's currency. Frequency Released quarterly, about 30 days after quarter ends; Timliness Gross Domestic Product (GDP); FF Notes While this is a q/q data, it's reported in an annualized format which shows the pace for GDP if the following 3 quarters remain the same. There are three versions of GDP released one month apart – Advance, Preliminary, and Final. Due to the timeliness of the Advance release, it tends to have the most impact.